Freightcar America, Inc. (NASDAQ:RAIL - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.29 and traded as high as $8.93. Freightcar America shares last traded at $8.59, with a volume of 122,731 shares trading hands.
Wall Street Analyst Weigh In
A number of research firms have recently commented on RAIL. Northcoast Research began coverage on shares of Freightcar America in a research note on Thursday, May 1st. They issued a "buy" rating and a $9.00 price objective on the stock. Wall Street Zen lowered shares of Freightcar America from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.
View Our Latest Stock Report on RAIL
Freightcar America Stock Performance
The stock's 50 day moving average price is $7.72 and its 200 day moving average price is $8.27. The company has a market capitalization of $168.50 million, a P/E ratio of -9.52 and a beta of 1.89.
Insider Buying and Selling
In other Freightcar America news, insider Celia Perez sold 7,982 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $8.59, for a total value of $68,565.38. Following the completion of the sale, the insider directly owned 50,326 shares in the company, valued at approximately $432,300.34. This trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 28.70% of the company's stock.
Institutional Investors Weigh In On Freightcar America
Large investors have recently bought and sold shares of the stock. Globeflex Capital L P acquired a new stake in Freightcar America in the fourth quarter worth $69,000. Quantbot Technologies LP grew its holdings in Freightcar America by 80.8% in the fourth quarter. Quantbot Technologies LP now owns 8,128 shares of the transportation company's stock worth $73,000 after purchasing an additional 3,632 shares during the period. Mechanics Financial Corp acquired a new stake in Freightcar America in the first quarter worth $55,000. Dynamic Technology Lab Private Ltd acquired a new stake in Freightcar America in the first quarter worth $61,000. Finally, Walleye Capital LLC acquired a new stake in Freightcar America in the first quarter worth $74,000. 31.96% of the stock is currently owned by institutional investors and hedge funds.
About Freightcar America
(
Get Free Report)
FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.
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